Rule 4 34-CVL The Insolvency Act 1986 Form 4 20 5.95/99 STATEMENT OF COMPANY'S AFFAIRS Pursuant to Section 95/99 of the Insolvency Act 1986 For official use Company Number 03321625 To the Registrar of Companies Company Number REGENT RECRUITMENT UK LIMITED [Insert full name(s) and address(es)} 7 y We, M Maloney and J M Titley both of Leonard Curtis, Leonard Curtis House, Elms Square, Bury New Road, Whitefield M45 7TA, the Joint Liquidators of the above named Company, attach a statement of the Company's affairs as at 8 May 2015 Signed aa Date 8 May 2015 Presentor's name, address and reference (if any) = For official use | new nCe Leonard Curtis Leonard Curtis House For official use 14/05/2015 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of REGENT RECRUITMENT UK LIMITED Trading as: on the 8 May 2015 being a date not more than 14 days before the date of the resolution for winding up Statement of truth | beleve the facts stated in this Statement of Affairs are true Full name VER HirA ‘ Signed Dated $/5[20! 5 REGENT RECRUITMENT UK LIMITED APPENDIX | DIRECTORS’ ESTIMATED STATEMENT OF AFFAIRS AS AT 8 MAY 2015 Book Value Estimated to Realise Note £ £ £ £ Assets Specifically Pledged None Ni Nil Less HSBC Bank ple (20,100) (20,100) Surplus / (Shortfall) c/fwd - HSBC (20,100) (20,100) Assets Not Specifically Pledged Plant and Machinery 2 3,101 550 Book Debts 3 4,500 3,375 7,601 3,925 Preferential Creditors Employee Claims / ERA 2006 Claims (est ) 5 (1,600) (1,600) Net Property available for Prescribed Part 6,001 2,325 Less Prescnbed Part 4 (Nia) (Nia) Available for Floating Charge Creditor 6,001 2,325 Shortfall b/fwd - HSBC Bank plc (20,100) (20,100) Shortfall c/wd - HSBC Bank ple (14,099) (17,775) Add Prescnbed Part 4 Nia Nia Available for Ordinary Unsecured Creditors Nil Ni Ordinary Unsecured creditors Shortfall b/fwd - HSBC Bank pic 1 (14,099) (17,775) Employee Claims / ERA 2006 Claims (est) 5 (4,800) (4,800) HM Revenue and Customs - PAYE and NIC (est ) 6 (4,470) (4,470) H M Revenue and Customs - VAT (est } 6 (20,616) (20,616) Director's Loan Account (est ) 7 (43,909) (43,909) Trade and Expense Creditors (est) 8 (79,781) (79,781) (167,675) (171,351) Estimated Deficiency as regards Creditors (167,675) (171,351) Issued share capital (18,100) (18,100) Estimated Deficiency as regards Members (185,775) (189,451) lane Signed (27 8 May 2015 Veena Hira REGENT RECRUITMENT UK LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company's latest financial information provided by the director, the Company's professional advisors or from valuations obtained from independent valuation agents It should be noted that no provision has been made for the costs of preparation of the same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the Liquidation 1. HSBC Bank ple (“HSBC”) HSBC holds a debenture incorporating a fixed and floating charge created on 23 August 2007 and registered on 29 August 2007 Plant and Machinery The book value of the plant and machinery has been extracted from the accounts for the year ended 31 March 2014 The estimated to realise value of the plant and machinery has been extracted from the valuation report provided by independent valuation agents, Charles Taylor Book Debts The book value of the book debts has been extracted from the books and records, as provided by the directors The estimated to realise value of the book debts has been wntten down by a general provision of 25% to allow for bad and doubtful debts Prescnbed Part The Insolvency Act 1986 provides that, where a company has created a floating charge after 15 September 2003, a prescnbed part of the company’s net property must be made available to the unsecured creditors and not be distnbuted to the floating charge holder except in so far as it exceeds the amount required for the satsfaction of unsecured clams The net property represents the assets available after the costs and expenses of the insolvency procedure and the discharge of preferential creditors’ claims in full No provision has been included within the estmated statement of affairs regarding the costs and expenses of the insolvency procedure The method of calculating the prescnbed part is given below Where the net property does not exceed £10,000 (the prescnbed minimum) it may be considered that the cost of making a distnbution is disproportionate to the benefits and no prescnbed part is required to be set aside Where the net property exceeds £10,000 the prescnbed part is calculated at a value of 50% of the first £10,000 plus a further 20% of the net property which exceeds £10,000, up to a maximum prescnbed part of £600,000 The net property in this case 1s expected to be less than the prescnbed minimum and we consider that the cost of making a distnbuton of the prescnbed part in this case to be disproportionate to the benefits Accordingly, we do not intend to set aside a prescribed part in this instance Employee Claims / ERA 2006 claims Where applicable, employees will be entitled to make claims (subject to certain limits) under the Employment Rights Act 2006 (ERA’'2006) from the government department known as the Redundancy Payments Service (‘RPS’) The Employee claims may tnclude arrears of pay, holiday pay, compensation in lieu of notice and redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will then lodge a claim against the Company in respect of the payments ithas made Employee Claims / ERA’2006 have been estimated for the purposes of the statement of affairs and are not considered as agreed amounts Lo» Signed Cr 8 May 2015 Veena Hira REGENT RECRUITMENT UK LIMITED APPENDIX II (CONTINUED) NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (CONTINUED) 6. H M Revenue and Customs — PAYE / NIC and VAT The liability to HM Revenue and Customs in respect of unpaid PAYE, NIC and VAT has been estimated by the directors 7. Director's Loan Account The director's loan account relates to monies owed to Veena Hira and has been estimated from information provided by the director and this amount should not be considered as agreed 8. Trade and Expense Creditors Details of the Company's trade and expense creditors have been provided by the directors of the Company A detailed list of these amounts has been provided at Appendix Ill The amounts shown should not be regarded as agreed < Signed CM 8 May 2015 Veena Hira REGENT RECRUITMENT UK LIMITED APPENDIX Ili SCHEDULE OF CREDITORS See attached list Signed (ge 8 May 2015 Veena Hira B - Company Creditors R794Q Regent Recruitment UK Limited “Code Name & Address Amount of Debt C0001 Your Face Here Limited 1,000 00 19 Wandle Road Croydon Surrey CRO 1DB c0002 Parker Sandford Limited 1,080 00 14 Smithy Brook Road Pemberton WN3 6PS C0003 HM Revenue and Customs (VAT) 20,616 00 Insolvency Operations Queens Dock Liverpool L74 4AF c0004 HM Revenue and Customs (PAYE/NIC) 4,470 00 Durrington Bridge House Barrington Road Worthing West Sussex BN12 4SE C0005 MCC Accountants 1,918 00 21a Church Road Eccles Manchester M30 ODL C0006 HSBC Bank plc 20,100 00 St Ann's Square Manchester M2 7EF C0007 Total Jobs Group Limited 100 Blue Fin Bullding 110 Southwark Street London SE1 OTA C0008 NWF (Venture Capital) LP 70,000 00 Preston Technology Management Centre Marsh Lane Preston Lancashire PR1 8UQ coo Active IT (UK) Limited 427 20 Active House Unit 11 Bredbury Business Park Bredbury CH41 4JQ The Royal Bark of Scotiand pic 43 Curzon Street London W1Y 7RF c0011 Veena Hira 43,309 00 clo MCC Accountants 21a Church Road Eccles Manchester M30 ODL Signature R794Q Page 1/2 B - Company Creditors R794Q Regent Recruitment UK Limited ‘Code Name & Address Amount of Debt C0012 Redundancy Payments Office (Pref) 1,600 00 8-9th Floor Cobalt Square 83-85 Hagley Road Birmingham B16 8QG 0013 Redundancy Payments Office (Unsecured) 4,800 00 8-9th Floor Cobalt Square 83-85 Hagley Road Birmingham B16 8QG 0014 Vodaphone Limited (689532554/0001) 240 54 PO Box 32 Sheffield $98 1BX C0015 Black & White Partnership LLP 1,400 00 29 Avenue Road Hurst Green Lancashire BB7 9QB £175,275 74 Signature Date R794Q Page 2/2